<span>Sociological imagination. which is applying imaginative thought to creating and answering sociological questions. The term was coined by the American sociologist C. Wright Mills in 1959. It can be used in daily life. Simply looking at any event, issue, or activity using a different perspective is sociological imagination</span>
Answer:
Explanation:
The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.
The multiplier effect refers to the increase in final income arising from any new injections.
Calculating the Multiplier Effect for a simple economy
k = 1/MPS
A = 1/0.1 =10
B= 1/.5=2
Answer:
Increased Money supply and decreased rates
Explanation:
When the Federal reserve buys the bonds on the Open market operations, the cash is disbursed by the Fed to the seller of bonds which in case increases the money that is supplied in the market and hence the quantity of money held by general public. The interest rate will ultimately decrease as the money supply is more and people tend to spend more than save.
Hope this clear things up.
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Answer:
$1,945.19
Explanation:
The amount which will be saved by the Krystal at the end of year 3 shall be determined using the following method:
Saving made at end of Year 1=$500(1+2.8%)^2=$528.39
Saving made at end of Year 2=$600(1+2.8%)^1=$616.80
Saving made at end of Year 3=$800(1+2.8%)^0=$800
Total amount at end of year 3=$1,945.19
Answer:
C. an increasing opportunity cost compared to another person
Explanation:
